Search Results for: foreign exchange
NFA orders Plantation, Florida retail foreign exchange dealer and swap dealer IBFX to permanently withdraw from NFA membership
March 16th, 2016
National Futures Association (NFA) has ordered IBFX, Inc. (IBFX), an NFA Member registered retail foreign exchange dealer and provisionally registered swap dealer (SD) located in Plantation, Florida, to permanently withdraw from NFA membership and from acting as a principal of an ...
Bank of Canada Announces Future Changes to its Published Foreign Exchange Rate Data
February 17th, 2016
The Bank of Canada today announced that, effective 1 March 2017, it will make a series of changes to the number, frequency and calculation methodology of its published foreign exchange (FX) rates. Although these changes will not come into ...
Banks battle to maintain dominance of UK’s Business Foreign Exchange market
January 18th, 2016
As businesses across the UK seek to minimise the risks of currency fluctuations, the business foreign exchange market shows strong growth as well as fierce competition, according to new research from market analysts East & Partners. The firm’s UK ...
Foreign exchange manipulation: FINMA issues six industry bans
December 17th, 2015
The Swiss Financial Market Supervisory Authority FINMA has issued industry bans of between one and five years against six managers and traders formally employed in the UBS foreign exchange and precious metals business. FINMA concluded that the individuals in ...
Barclays: Settlement with Department of Financial Services regarding foreign exchange electronic trading
November 19th, 2015
Barclays Bank PLC has reached a settlement with the New York State Department of Financial Services (“DFS”) in respect of its investigation into Barclays’ electronic trading of foreign exchange (“FX”) and FX electronic trading systems in the period 2009 ...
Barclays sets aside £290m for foreign exchange compensation
October 30th, 2015
Provision for customers takes Barclays’ legal bill to £2.3bn in nine months, as critics say latest move does little to restore company’s tarnished reputation Barclays is embroiled in yet another scandal after admitting it expects to pay £290m to compensate ...
China Foreign Exchange Trade System and Deutsche Börse sign cooperation agreement
October 29th, 2015
China Foreign Exchange Trade System (CFETS) and Deutsche Börse today entered into a strategic cooperation agreement to connect the respective markets and foster product innovation. The cooperation agreement was signed by Sun Jie, Executive Vice President of CFETS, and ...
Barclays, HSBC and RBS agree to £600m fine for foreign exchange rigging
October 23rd, 2015
Three of Britain’s biggest banks were slapped with a $924m (£600m) bill for rigging foreign-exchange markets yesterday. Barclays, HSBC and RBS agreed the bill during a US federal court hearing, according to reports from Sky News. Barclays agreed to ...
BNY Mellon Expands Global Payments Infrastructure by Adding Foreign Exchange Payments
September 10th, 2015
New functionality will significantly increase straight-through processing rates for clients BNY Mellon, a global leader in investment management and investment services, has passed an important milestone in the continuing development of its global payments infrastructure with the launch of ...
$354 billion foreign exchange reserves too small to fight a crisis: World Bank
August 27th, 2015
“In today’s world where China has $4 trillion in foreign exchange reserves, $354 billion is not enough in case an exchange rate-related issue breaks out.” World Bank chief economist Kaushik Basu on Wednesday said the $354 billion of forex war-chest ...
